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New Lows Hit *RES 4: 3486.31.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: New Lows Hit 
*RES 4: 3486.31 High Aug 10 
*RES 3: 3452.41 High Sep 27 
*RES 2: 3230.00 Down trendline resistance form Oct 26 high 
*RES 1: 3110.37 21-dma 
*PREVIOUS CLOSE: 3000.06 
*SUP 1: 2980.00 Channel bottom 
*SUP 2: 2937.98 Low Nov 9 2016
*SUP 3: 2678.27 Low Jul 1 2016 
*SUP 4: 2494.54 Low May 24, 2013 
Eurostoxx hit new lows yesterday briefly taking out the 3000 level before
closing marginally above it. Channel support at 2980.00 is the next downside
target, below which opens the Nov 2016 low at 2937.98. Bulls need to take out
the 21-dma now at 3110.37 to improve the outlook, above which would allow a
challenge of down trendline resistance to target the Nov 8 highs at 3230.00.

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